ࡱ> ORoot Entry@*Q@FileHeaderXDocInfo@'BodyText PRSTUVWXYZ[\]_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry],8@FileHeaderXDocInfo@"BodyText88R  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMN !"#$%&'()*+,-./012345679:;<=>?ABCDEFGHIJKLMNOPQRSTUVW\YZ[HwpSummaryInformation.8PrvImage PrvTextSection0wA Legal Framework of Secured Transactions to Promote Investment in North Korea* Park, Whon-Il** <><Contents><> <><> <I. Introduction II. Secured Transactions in the North 1. Property Law in the North 2. Collateral System in the North 3. Secured Transactions in Transition Economies 4. Lessons to be Learned by North Korea><III. The Collateral Available in the North 1. Overview 2. Some Considerations IV. Prospects 1. Core Principles 2. Required Infrastructure for New Collateral System V. Conclusion> I. Introduction As the investment by the South Korean companies has got a momentum, a number of South Korean businessmen are interested in financing tools backed by their invested assets in the North. 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Introduction II. Secured Transactions in the North 1. Property Law in the North 2. Collateral System in the North 3. SecuredSection1p Transactions in Transition Economies 4. Lessons to be Learned by North Korea><III. The Collateral Available in the North 1. Overview 2. Some Considerations IV. Prospects 1. Core Principles 2. Required Infrastructure for New Collateral System V. Conclusion> I. Introduction As the investment by the South Korean companies has got a momentum, a number of South Korean businessmen are interested in financing tools backed by their invested assets in the North. It is because proposed investment for establishing or transferring production facilities cost too much for their financial capacity. 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